On 26 August 2025, JPN FSA compiled substantial shareholding reporting laws, Q&A. JPN FSA published the Summary of laws, regulations, and Q&As concerning material proposal acts and joint holders under the substantial shareholding reporting system toward constructive dialogue between institutional investors and investee companies. Outline of Summary Summary reflects the Japanese stewardship code revised in June…
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India – SEBI Minimum Public Shareholding
On 18 August 2025, IND SEBI proposed review of large issuer requirements. IND SEBI issued consultation paper on Review of requirement of minimum public offer and timelines to comply with minimum public shareholding for issuers in terms of Securities contracts (regulation) rules, 1957. Proposals aim to facilitate larger IPOs without market oversupply concerns. Recent large…
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Austria – FMA Fines Entity for Late Substantial Shareholding Notification
On 1 August 2025, AUT FMA imposed a €120,000 fine for late substantial shareholding notification. AUT FMA imposed a €120,000 fine on Global Alpha Capital Management Limited for late substantial shareholding notification. Main Points Imposition of a fine of €120,000 for late substantial shareholding notification of exceeding the 5% limit for shareholdings in an issuer's…
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Thailand – CB Shareholding Regulation Consult
On 4August 2025, Thai CB consulted on shareholding, transaction regulations. Thai CB launched a consultation on a draft announcement to revise regulations governing shareholdings of financial institutions and holding companies that are parent companies of financial business groups. It is also consulting on regulations related to transactions between financial institutions and their major shareholders or…
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U.K. – Foreign Shareholding in Newspapers
On 16 July 2025, UK DCMS opened consultation on draft regulations. UK DCMS issued consultation on further changes to the Enterprise Act 2002 (as it will be amended by second set of draft regulations) to clarify scope of exceptions to foreign state intervention regime, and to ensure overall regime works more effectively. Follows May 2025,…
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U.S. – SIFMA Short Selling SHO Reporting
On 5 June 2025, SIFMA issued letter urging short selling reporting extension. SIFMA issued letter to the SEC to request an extension of the compliance date for certain obligations of broker-dealers reporting to the Consolidated audit trail (CAT). Follows February 2025 SEC temporary exemption from short selling report. Document dated 5 June 2025, received from…
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